News stories about Movado Group (NYSE:MOV) have trended somewhat positive on Sunday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Movado Group earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.5478084776815 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

A number of research firms have recently weighed in on MOV. Zacks Investment Research raised shares of Movado Group from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine lowered shares of Movado Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $31.00.

Movado Group (MOV) traded down 1.42% during trading on Friday, hitting $24.25. 67,138 shares of the stock were exchanged. The firm has a market cap of $395.98 million, a PE ratio of 20.21 and a beta of 0.35. Movado Group has a 12-month low of $20.23 and a 12-month high of $31.95. The stock’s 50-day moving average price is $24.60 and its 200-day moving average price is $24.00.

Movado Group (NYSE:MOV) last announced its earnings results on Thursday, May 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.09. Movado Group had a return on equity of 7.04% and a net margin of 5.13%. The company had revenue of $99.30 million for the quarter, compared to the consensus estimate of $100.23 million. During the same period last year, the firm posted $0.19 EPS. The company’s revenue was down 13.0% compared to the same quarter last year. On average, equities analysts expect that Movado Group will post $1.37 EPS for the current year.

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About Movado Group

Movado Group, Inc designs, sources, markets and distributes watches. The Company operates through two segments: Wholesale and Retail. The Wholesale segment includes the design, development, sourcing, marketing and distribution of watches, and after-sales service activities and shipping. It sells all of its brands to jewelry store chains and department stores, as well as independent jewelers.

Insider Buying and Selling by Quarter for Movado Group (NYSE:MOV)

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